Provisions u/s.44AD vs u/s.44AA - certain doubt.

This discussion clarifies the difference between presumptive taxation under Section 44AD and normal provisions under Section 44AA of the Income Tax Act. For traders with turnover below £2 crore and digital transactions, Section 44AD offers a presumptive profit of 6%. However, if opting for Section 44AA and maintaining books of account, a tax audit may be required depending on turnover, even if eligible for presumptive tax.